CEAT to expand manufacturing capacity

CEAT Sri Lanka hopes to invest Rs. 800 million over the next 12 months to substantially expand its radial tyre manufacturing capacity to meet the growing local and export demand."Our new investment entails a virtual replication of the plant we opened in July 2014, with new hi-tech machines," CEAT Sri Lanka Managing Director Vijay Gambhire said.

CEAT Sri Lanka, Vice President Sales, Marketing and Exports, Ravi Dadlani said, "The increase in production capacity and the introduction of new sizes will significantly strengthen the CEAT brand's position as the highest-selling radial tyre in the local market, and give us the potential to double our market share in the segment."

New technology acquisitions such as the latest Bead Apexing machines, Cap Strip machines, improved tyre building machines and curing presses introduced in the radial plant commissioned two years ago, will also be installed in the expanded plant, he said.